(1) The Adjutant General shall establish, implement, and enforce such administrative rules as are necessary for implementation of the Arkansas National Guard Student Loan Repayment Program.
(2) The rules shall include criteria for selection from among applicants in those circumstances in which the number of applicants exceeds appropriated funding for the calendar year.
(3) In establishing rules relating to academic qualification, certification, recertification, and payment, the Adjutant General shall obtain the advice of the Division of Higher Education.
(4) To the extent possible, the division shall include the program among other existing financial aid programs and shall monitor the program and enforce policies, as necessary, to conform with division rules.